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Hewlett Sets Stock Split,
Helping Its Shares Rebound

Hewlett-Packard Co. set plans for a 2-for-1 stock split and raised its quarterly dividend by 20% Friday, a day after its stock tumbled on a weaker-than-forecast earnings report.

The moves helped reverse part of the sharp drop that the Palo Alto, Calif., computer-system maker's stock recorded on the earnings news. Its shares climbed $4.125 to $109.375 in composite trading on the New York Stock Exchange. On Thursday, the stock tumbled $8.50.